Brisbane, Australia (ABN Newswire) -
Central Petroleum Ltd. (ASX:CTP) are pleased to provide a company presentation titled 'Ready to Supply the Shortfall: The foundations are laid' at the Developing Unconventional Gas Conference July 2015.
Overview:
- When the NEGI pipeline is completed in 2019 the east coast Australian domestic gas market will be in short supply
- Central is an existing operator with gas resources across producing assets and their infrastructure and pipelines, and Australia's largest exploration portfolio
- Central aims to produce gas at $1/GJ, excluding operating costs. Unconventional gas is currently costing $4/GJ. East Coast competitors have pre-sold into LNG contracts at oil linked prices.
- Australia's LNG export industry requires gas far in excess of Australia's current production, creating an export option for Central Petroleum.
- Central is in JVs with Australian leader Santos and international major Total
- Central's MD and CEO Richard Cottee is a highly experienced Oil & Gas executive, who developed the Queensland Gas Company (QGC) and led the gas industry in Queensland
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CTP-727623.pdf
About Central Petroleum Limited:
Central Petroleum Ltd. (ASX:CTP) (OTCMKTS:CPTLF) is an ASX listed junior exploration and production company operating the largest holding of prospective onshore acreage in Australia totalling over 270,000 km2, c.70 million acres. This acreage includes permits already awarded and acreage under application with 250,000 km2 under the Petroleum Acts and 20,000 km2 under the Mining Acts mainly in the Northern Territory with smaller holdings in Western Australia, South Australia and Queensland.
Contact:
Central Petroleum Ltd.
T: +61-7-3181-3800
F: +61-7-3181-3855
www.centralpetroleum.com.au
